Jaime, a member of the legal team at FinDev Canada (Canada’s development finance institution), works in debt and equity investments in the private sector of emerging markets. Jaime recently used the Impact Term Sheet as part of a clinic at NYU School of Law, simulating an equity investment in a social enterprise by an impact investor. He shares some of his experiences in this guest blog post, covering how the clinic works, how the ITS was used, and why he feels it’s such an important tool within the legal investment space.

Sustainability is a pressing issue that requires addressing various environmental, social, and governance (ESG) challenges. The venture capital industry has the potential to play a crucial role in sustainable investments due to its characteristics, such as long-term investment horizons and investor protections. However, sustainability has yet to become a major topic in private equity and venture capital circles.